Hotel
The property comprises a part three storey and part two storey licensed bar with a function room, with potential to provide up to 20 guest rooms dependant on how the property is configured.
The main property has a predominantly rendered exterior under a pitched roof and currently includes 2 bar areas, a dining/sunroom, function room, kitchen, office and wc’s at ground floor level, with scope for a further bar (subject to some repair work); with guest rooms at first floor level plus scope for additional rooms on the second floor. A rear extension, again of traditional construction but under a flat roof, comprises a former sports bar/function room at ground floor level, with separate access to a substantial self-contained staff accommodation at first floor level.
The property includes a substantial adjoining car-park and rear garden area which could potentially suit residential conversion in whole or in part, subject to any necessary planning permission.
The property is currently let making a profitable rental investment
Interested parties should seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed use.
The property is situated in the seaside village Fairbourne on the coast of Barmouth Bay, to the south of the estuary of the river Mawddach in Gwynedd, surrounded by the Snowdonia National Park.
The property occupies a prominent position on Beach road in close proximity to village facilities, the narrow gauge railway; and beach.
We understand the property is held freehold but subject to an existing tenancy (with approx. 2 years remaining).
All interested parties should seek their own verification by referring to the legal pack.
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
